Closure Territories

A Thought On | Book Publisher Hachette Closes Down In NZ

I have two questions about this that have only occurred to me having read this yesterday;

1) If the book trade is so badly impacted in New Zealand and ebooks are growing so rapidly, why is the sales team being retained, surely they’d be about the first to lose their usefulness?

2) The implication of this story (although it isn’t in fact stated) is that local authors are not holding their own against outside authors, why is that and what are the implications for other smaller English language territories?

HACHETTE New Zealand, the local arm of the global publisher whose titles include biographies of Richie McCaw and Mark Todd, is to cease publishing locally with the loss of 12 jobs including its long-serving management team.

The New Zealand company, which publishes locally under the Hodder Moa imprint, will continue as a marketing and sales office for the group’s international titles and New Zealand backlist, according to a statement from Malcolm Edwards, chairman for Hachette Australia and New Zealand.

Local finance, administration and IT functions will be relocated to Australia and publishing will cease in New Zealand after the completion of its 2013 programme.

The New Zealand publishing business has shrunk largely because of “the increased sourcing of books from overseas, at the expenses of the local trade, and the rapid growth of e-books,” Mr Edwards said.

via Book publisher Hachette closes down in NZ | Herald Sun.